In a periodic inventory system,the Cost of Goods Sold account may be created during the closing process by debiting Cost of Goods Sold and crediting the Beginning Inventory and the Purchases account.

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The Answer of In a periodic inventory system,the Cost of Goods Sold account may be created during the closing process by debiting Cost of Goods Sold and crediting the Beginning Inventory and the Purchases account.

In a Periodic Inventory System,the Cost of Goods Sold Account